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Oh come on JB. Who's been in charge for the last 8/6 years? Look at the issue date of the vast majority of the mortgages that are defaulting. When were they made?

Alan Greenspan screwed the pooch and told Congress that those lending institutions did not need any new regulations or oversight when he was Fed Chairman. Everything was okie dokie. C. Cox head should roll also. Heavens to Betsy, I won't leave Bushy and the dumb ass Democ. and Repubs. out in Congress either. They were all asleep at the wheel. Looks like Fannie Mae lined C. Dodd and Obama pockets also. Must not leave them out either.

Oh come on JB. Who's been in charge for the last 8/6 years? Look at the issue date of the vast majority of the mortgages that are defaulting. When were they made?

I'm just really starting to get into it because it's a failure of a system that I believe in. The system has checks and balances and they seem to have been circumvented. I'd like to get to the bottom of it via a 9/11 Commission type investigation. If the regulatory process needs overhauling, fine. If politicians or CEOs need to be criminally charged, then fine.

You have politicians handcuffing regulators and companies making loans that they'd never make if they were thinking clearly. Something (many things) broke down along the way. Unfortunately we got burned big time for it.